FIFA’s extraordinary revenue figures
Seven senior FIFA officials were arrested by Swiss police last month in a raid in Zurich on corruption charges. The suspects allegedly accepted bribes worth $100 mln over the past 20 years, though Sepp Blatter, FIFA’s outgoing president, was not among them. He was re-elected to a fifth term last week, but later decided to step down.
The arrests have been made on behalf of authorities in the United States and the individuals now face extradition. In all, 14 officials have been charged. FIFA has managed to weather numerous storms of corruption in the past but these arrests in Zurich are certain to plunge the organisation into further turmoil.
FIFA certainly generates an astonishing amount of revenue. The tax exempt non-profit organisation, buoyed by success of the 2014 World Cup, generated a record $2 bln in revenue last year. Compared to just ten years ago, FIFA’s revenue figures are extraordinary. In 2006, when Germany hosted the World Cup, revenue “only” amounted to $749 mln. (Source: Statista)